WideOpenWest, Inc. (NYSE:WOW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,087,411 shares of the company’s stock after selling 203,929 shares during the quarter. Dimensional Fund Advisors LP owned about 1.29% of WideOpenWest worth $5,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WOW. Innealta Capital LLC acquired a new stake in WideOpenWest in the 2nd quarter valued at $25,000. Price T Rowe Associates Inc. MD raised its holdings in shares of WideOpenWest by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after buying an additional 2,732 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of WideOpenWest during the 1st quarter valued at about $72,000. HighPoint Advisor Group LLC acquired a new position in WideOpenWest during the 4th quarter worth approximately $73,000. Finally, Quadrature Capital Ltd purchased a new position in WideOpenWest in the 1st quarter worth approximately $79,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

WideOpenWest Trading Down 0.4 %

Shares of WOW opened at $5.09 on Wednesday. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $7.88. The stock has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.86. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $431.07 million, a P/E ratio of -1.56 and a beta of 1.49.

WideOpenWest (NYSE:WOW) last released its earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $158.80 million during the quarter, compared to analysts’ expectations of $159.14 million. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Sell-side analysts forecast that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $105,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,575,787 shares of the company’s stock, valued at $8,335,913.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the sale, the insider now directly owns 276,413 shares of the company’s stock, valued at approximately $1,462,224.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $105,800.00. Following the completion of the transaction, the chief executive officer now owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark dropped their price objective on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, August 26th. Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a research note on Tuesday, July 2nd.

WideOpenWest Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.